Savannah morning news. [volume] (Savannah) 1868-1887, 1887-01-28
NOTHING LIKE A DEAL.
PRESIDENT Alt NANDER SAYS
THERE Is NONE ON FOOT.

He Resigns the Government Director
ship of the Union Pacific Railroad Be
cause of His Increased Duties ~ Presi-
dent of the Central--His Views on the
Interstate Commerce Questionable
Ocean Steamship Company.
President Alexander arrived in Sayan,
nah yesterday afternoon after ten days
trip to New York. On his way back be
stopped over in Washington, and on
Tuesday rendered his resignation &c
President Cleveland as Director Of
the Union Pacific railroad. The resigna-
tion is to take effect upon the appoint
ment of his successor.
Gen. Alexander was appointed in June,
1885. Since his election to the Presl-
dency of the Georgia Central Railroad
and Banking Company he has found that
his duties as head of that corporation
would interfere with his duties as Com
missioner, and as he would not have the
time to devote to the latter position he
gave 1t up.
NO DEAL ON FOOT.
The Presidents attention was called
last night to the repeated assertions about
N rumored deal between the Richmond
Terminal Company and the Central. He
again emphatioally denied that anything
of the kind is on loot. OF the reported
conferences with the Richmond Terminal
officials. President Alexander stated that
no conference was held. An arrange
ment was made for him to meet MI
Thomas, General Manager OF the Termi-
nal, to discuss matters in which
the Central aud Terminal were
Jointly interested. One of these
questions was in reference to the ter
minals of the two roads IN Birmingham.
Both lines run along close together tor
several miles, and the Columbus and
Western crosses the Terminals line twice
before entering the Magic City. Some
arrangement mas been proposed by which
the two roads will exchange tracks, or
perhaps one will run over the others
cracks.
INTERSTATE COMMERCE.
Another matter TO be considered was
lhe probable effect upon the two lines of
the new interstate commerce bill. In CT
der to hold over those matters the Cen
trails President called at Mr.. Thomas
office in New York, but that gentleman
was out of the city and did not return UNI
til after Gen. Alexander left. The Gen
erals call, however, was made public. and
IT, was coupled with the statement that he
had held conference ana discussed the
"Details of a deal.
In reference to the interstate commerce
bill Gen. Alexander says that he found
the railroad men of the North div id III
opinion as to it's effects. some think it
will he a good thing and others are OPP
posed To It. For hims II ne believes that
il will be a good tnlng for the Central If
Its provisions are strictly carried out.
WILL BENEFIT THE CENTRAL.
Toexplain how 1t will brnehtthe Central
he sketched diagram showing the rela.
q az =
1anta, Mobile, Rome, Dalton, and other
cities in Georgia and Alabama.
The present through rate from New
York to Macon on freight is 81 GO per 100
pounds. To Atlanta the rate Is 81 IA.
The Richmond Terminal hauls 100 pounds
TO Atlanta for a share Of 81 Is, and then
carries il 103 miles further over the East
Tennessee, Virginia and Georgia and
charges only 81 %. That, of course, is
because the Central having the shorter
route from New York made the rate To
Macon, and then longer lines have TO
meet the rate.
LONG AND SHORT HAULS.
Unless the Terminal reduces its local
rates ii will have to give up large part
of its through business and the Central
will profit to Just that extent thereby.
For example. under the new Oili road
is prohibited from charging less for q
longer distance than a shorter. The Ter
mlnal will therefore either nave to re-
duce its rate to Atlanta or increase its
charges to Macon. The shortest lines
seem bound to get the business.
Some OF the CentraPs business will
have to be gwen up, too. Through rates
from Mobile to New York are 15c. be.
cause Mobile has direct water coMmu-
nicatiou with the metropolis.
Atlanta, which is lar nearer New YORK,
l.. 4 !.
Mobile. Some of that South Alabama
through traffic will therefore be taken
from the Central, but what II will prOba-
bly, lose from that source will be more
than made up by its gain at other COM
petitIve points.
THE STEAMSHIP DIRECTORY,
On Tuesday next the annual election
for five directors Of the Ocean steamship
Company Will be held. The present dl
Tectors are: Capt W. Il. Raoul, Judge
Chisholm, Z. H. Pninzy, William Hunter,
and Jacob kauers. The stock Of the
steamship com pany being he'd by the
railroad company, the directors OF the
latter company, as representing the stock
holders ballot, tor tue steamship compa-
ny's directors.
1t is understood that only two of the
present board Will be reelected. These
two are Mr.. Pninizy, OF the Central's new
pOdIu Oh uiEcCluTs, anu Judge I ulSlOlul.
The latter Is Vice President OF the Plant
system. and as 1t furnishes an immense
amount of traffic to the steamship line.
and as the relation Of the two companies
are very close he will be retained.
THE NEW BOARD.
Members OF toe CentraFs new board OF
directors are likely to he put on in place
of Mr.. Hunter and MIR. Rauers. Gen.
Alexander will probably be elected Pres
- -, 4.
has not been learned, but it is considered
rs An absolutely sure thing that there
will be three new directors on the steam
ship cOmpany's next board. The new
management is investigating the com
pany's traffic with a view to seeing what
Is needed in the way OF new ships. As
yet, however, nothing has been deter
mined upon.
The Cracker Factory Fire